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Agenda MME Notes over Section 2 Go over Note Cards

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Presentation on theme: "Agenda MME Notes over Section 2 Go over Note Cards"— Presentation transcript:

1 Agenda MME 107-108 Notes over Section 2 Go over Note Cards
Answer 2, 14-16, 18, 34, 36, 43-52 Use notes and the book Chapter 5 section 1 Ch. 5 review 1-18, 20, 21-23

2 High Middle Ages Section 2
Trade High Middle Ages Section 2

3 Lesson Essential Questions
What country was the revival site of trade in Europe? Fish, fur, and timber were goods that were traded from where? What was the Hanseatic League? Define Barter Economy. Define Domestic System. Define Market Economy. Define Usry.

4 State Standards F2- System of Human Organization
Western Europe to Explain the workings of feudalism, manorialism, and the growth of centralized monarchies and city-states in Europe Roman Catholic Church impact on society Trade lead to the growth of towns and cities Role of the crusades

5 Routes With the Collapse of the Roman Empire
Trade died in Western Europe Crusades Trade grew in Europe Again Italy was the earliest site of trade revival

6 Italy Italian city-state- carried crusaders to Palestine
Return trips, they brought back goods from Asia Overland trade route led to the growth and increasing wealth of cities along its path

7 Hanseatic League German cities on the Baltic & North Seas
Became important trading cities- North West Europe Germany- weak central government German trading cities would unite to form the Hanseatic League Trading post: England Flanders Russia Scandinavia

8 Hanseatic League Rules were strict If caught not following rules
They would lose trading rights If a country tried to take away the rights of a single member of the Hanseatic League, the league would stop trading with the country

9 KEY Black Hanseatic Other Italian city-states

10 Market Demand for exotic Asian goods Luxury product Manufactured goods
Dyes Silk Medicine Spices Manufactured goods Cotton Cloth Linen art

11 Market France Venice England & Flanders Asia supplied Europe Baltic
Fruit Grain Rugs Silk Baltic Fish Fur Timber Spain Leather Oil Soap France Wine Venice Glassware England & Flanders Fine woolen Cloth

12 Market Villages- Market days Selling goods during church festivals
Local rulers placed taxes on items Armed guards protected merchants from robbery Barter Economy- Goods and services were exchanged for other goods and services without using money Used at fairs

13 Manufacturing Domestic System- manufacturing took place in workers homes rather than in a shop or factory. Woolen industry Began in towns but would spread to the country side

14 Banking Bank- Latin word banca “money changer's bench”
Changed currencies at fairs Rulers, nobles, merchants would barrow money Middle ages Jewish people could not own land, or be skilled workers, so they became moneylenders. Usry- Charging interest

15 Investing Capital- wealth that is earned, saved, and invested to make profits. Used capital to pay for a new business Market economy- land, labor, and capital are controlled by individual persons. The medieval market economy formed the basis for our modern capitalist system.

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